Yearn Finance Seizes Dip and Buys Back $1.47M of YFI Token
DeFi gateway Yearn Finance is buying its own YFI token dip. In accordance with mandates in Yearn-Improvement-Proposal 56 (YIP-56), the protocol uses YFI staking rewards to buy back the token and “use bought back YFI for contributor rewards and other Yearn initiatives.” As such, Yearn Finance periodically buys back its own tokens, recently announcing a…
By: Owen Fernau •
DeFiDeFi gateway Yearn Finance is buying its own YFI token dip. In accordance with mandates in Yearn-Improvement-Proposal 56 (YIP-56), the protocol uses YFI staking rewards to buy back the token and “use bought back YFI for contributor rewards and other Yearn initiatives.” As such, Yearn Finance periodically buys back its own tokens, recently announcing a…
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